Credit Cards

More Tools

Free Online Financial Calculators

We offer a wide array of online mortgage and personal finance calculation tools. The left navigation groups calculators by category, while a more extensive explanation of each calculator is below. Calculators featured below contain amortization tables, allow home buyers to generate a PDF report about their loan, and make it easy to email these reports.

Real Estate Financing Calculators

This tool allows you to calculate your monthly home loan payments, using various loan terms, interest rates, and loan amounts. It includes advanced features like amortization tables and the ability to calculate a loan including property taxes, homeowners insurance & property mortgage insurance.

Want to see how fast you will pay off your home loan? Use this free calculator to figure out what your remaining principal balance & home equity will be after paying on your loan for a specific number of months or years.

Want to Build Equity Faster? If you want to add extra payments to your loan to pay it off quicker, please use this calculator to see how quickly you will pay off your loan by making additional payments.

This tool uses your current monthly rent payment to estimate how much loan you can afford while spending the same amount each month. We also offer a loan qualifier tool which highlights maximum loan affordability based on the buyer's income & a tool to compare the financial benefits of renting or buying.

Have more money to put down on your home loan? Insert the amount you would like to pay each month & this calculator will figure how many years you save on your home loan given that additional payment versus a loan set to amortize over the initial specified loan period.

Enter Your Principal & Interest Payments Please note this calculator only uses the principal and interest (P&I) portion of your mortgage payment. If you include property taxes, HOA fees, PMI or other expenses in your loan payment then you will have to subtract those out when using this calculator. For example, if an all-in PITA mortgage payment is $2,000 but only $1,500 of that amount goes to P&I and you want to add an extra $300 monthly to your payments then you would put $1,800 in the monthly payment box below.

Making Extra Payments Starting a Few Years In If you are already a couple years into your loan and are just beginning to make extra payments then you can adjust the loan amount to whatever your current balance is & set the loan term to how many years you have remaining in the original loan term. So if you were 2.5 years in to a 30-year loan and your balance on a $250,000 loan was $218,600 then you would enter $218,600 as the loan amount and 27.5 years as the loan term. If you are uncertain what your balance is you can use this calculator to see your current balance.

Start Paying More Early & Save BigWant to build your home equity quicker? Use this free calculator to see how even small extra payments will save you years of payments and thousands of Dollars of additional interest cost. Making extra payments early in the loan saves you much more money over the life of the loan as the extinguised principal is no longer accruing interest for the remainder of the loan. The earlier you begin paying extra the more money you'll save.

Making Extra Payments In the Middle of the Loan Term
If you start making extra payments in the middle of your loan then enter the current loan balance when you started making extra payments and set the loan term for however long you have left in the loan. For example, if you are 3.5 years into a 30-year home loan, you would set the loan term to 26.5 years and you would set the loan balance to whatever amount is shown on your statement. If you do not have a statement to see the current balance you can calculate the current balance so long as you know when the loan began, how much the loan was for & your rate of interest.

This calculator is similar to the above calculator except it allows you to add a broad range of extra payment types. For example, you could combine an extra weekly payment of $25 for 3 years and then switch over to an extra monthly payment of $150 for 2 years. Or you could do both at the same time along with various one-time payments. If your extra payments will be continuous until the loan is paid off & you intend to make them monthly then you can use this payoff calculator which includes a graphical layout.

Can vs ShouldThe results of this calculator can offer a rough idea of max loan qualification, however for most people it is better not to get close to their max so they have a financial cushion in case of a down turn. Those who are seeking investment returns will usually obtain higher returns in the stock market & stock investments are much more liquid & easier to sell than homes.

One of the advantages of real estate investment is that some homeowners may qualify to deduct mortgage interest payments from their income when filing their taxes. This calculator estimates your tax savings after a house purchase. Financial analysis is provided for an initial period selected by the user & subsequent years throughout the duration of the loan term.

Discount points are an upfront fee which homeowners can pay to access lower mortgage rates. This calculator helps you discover if you should consider paying points on your home loan & calculate how quickly the points will pay for themselves.. We also offer a discount points calculator which compares the impact of rolling the cost of points into the loan versus paying points upfront.

Do you currently carry high interest revolving credit on credit cards, cars & other personal loans? You may be able to leverage a home equity line of credit (HELOC) to lower your monthly debt payments. We also offer HELOC qualification & repayment calculators along with a calculator for using HELOCs for debt consolidation purposes.

Prequalify Your Debt to Income RatioAre you wondering if you qualify for a home loan? This pre qualification calculator estimates the minimum required income for a house & will let you know how much housing you qualify for a given income level.

DTI Limits For Many Loan Programs
Please note that federal governmental loans from the VA, the FHA & the USDA have their own loan qualification requirements. We publish an overview table comparing various home loan options.

Each Bank, Home & Borrower is UniqueIt should also be noted that this calculator provides a rough estimate & lenders may charge varying rates or decide not to lend depending on variety of factors, including: down payment, house appraisal value, current market conditions, your current credit score & credit history, your outstanding debt obligations & other monthly debt payments.

This tool automatically calculates the basic monthly principal & interest payment for 5, 10, 15, 20, 25, 30 & interest-only loans. Using those as a baseline, a person can then enter a minimum & maximum monthly payment to see how long those loans will take to amortize & the total interest cost of those loans. We also offer the following: 10-year, 15-year & 20-year mortgage calculators which include advanced features like PMI, HOA, property taxes & homeowner's insurance. While uncommon loan terms in the United States, some of our visitors have also asked us to offer 25-year, 40-year, 50-year & 100-year calculators. Loans over 30 years typically are not a great choice for most home buyers.

Is property mortgage insurance (PMI) too expensive? Some home owners refinace a second low rate mortgage from another lender to bypass PMI payment requirements. Use this calculator to see if this option would save you money on your home loan.

This tool helps buyers calculate current interest-only payments, but most interest-only loans are adjustable rate mortgages (ARMs). When the housing market is hot many people chase it, buying near the peak with interest-only loans. If home prices continue to climb, one can refinance at a lower rate. However if rates reset higher, so too will payments — causing home prices to decline & many marginal buyers to lose their equity & perhaps their homes.

One problem with interest-only loans is that unless home prices rise the homeowner does not build any equity in their house, which puts them in a precarious position when mortgage rates rise. One way to build a bit of a buffer from market fluctuations is by adding extra payments applied toward your principal.

Are you looking at a couple different loan quotes? Use this free mortgage calculator to get a side-by-side view of multiple loan quotes to select the best offer. For each quote you can select different rates, terms, points, origination fees & closing costs. 15-year loans build home equity faster, whereas 30-year mortgages offer lower monthly payments.

In the early years of a longterm loan, most of the payment is applied toward interest. Home buyers can shave years off their loan by paying bi-weekly & making extra payments. Bi-weekly payments help you pay off principal in an accelerated fashion — before interest has a chance to compound on it. In making biweekly payments, those 26 annual payments effectively create an additional (13th) month of regular payments in each calendar year.

Current Mortgage Rates

How much money could you save? Lock in low rates today!

The following table shows 30-year fixed-rate mortgage rates in . The rate table also has options which enable you to change the loan amount, location, lending term, switch from purchase to refinancing, or select among adjustable-rate options.

Use this tool to figure out bi-weekly auto loan payments to see how much you can save in interest & how switching to bi-weekly payments can pay off your loan early & prevent you from paying extra interest.

Are you making minimum payments on your credit cards? This free online calculator will show you how long it will take to pay off your current debt & the amount of interest you will accrue over that period while only making minimum payments. The interest costs will only spiral further if you keep spending on the card while making the minimum payments, or if you miss a payment and get hit with late fees and other penalties. Many credit cards not only charge interest on their fees, but also charge higher rates of interest for anyone who misses a payment. Repeated missed payments can lead to near usurious interest rates.

If you have significant credit card debt & pay extra each month, you can really eat into principal and save thousands of Dollars in interest costs. If the debts are reasonable, it may also make sense to pay off credit cards & other high interest loans using a home equity loan. If the debt load is too high you may want to talk to a credit counselor to seek alternative options.

Want to pay off your credit cards early? Use this free credit card repayment calculator to find out how long it will take you to pay off your debt with current payments, and how much you'd be required to pay monthly to eliminate credit card debt sooner.

Saving Money

When you think about saving money the first thing that comes to mind is squeezing a few dollars out of your paycheck to deposit into an account. That is certainly a good way to save, but there are many more subtle ways to save that add up just as quickly. This guide helps you reach your goals.

When you think about saving money the first thing that comes to mind is squeezing a few dollars out of your paycheck to deposit into an account. That is certainly a good way to save, but there are many more subtle ways to save that add up just as quickly. This guide helps you reach your goals.

Inflation and taxes both have a significant impact on compounded savings over the course of many years or decades. Use this tool to see how much interest you've earned, and how much of that value was ultimately consumed by interest.

The above savings calculator compounds interest annually. Use this utility to see how changing the compounding frequency impacts the returns on regulary monthly deposits. If deposits are made at a frequency other than monthly, please check out our compound interest calculator which allows you to set various deposit frequencies. We also offer a calculator which compares the returns from compounding vs regular interest withdrawals.

Estimate the future value of your stock options at various company valuation growth rates. We also provide an annual stock option grants calculator to estimate the value of a series of options awarded annually.

If you have been saving in a 401K, provided by your employer but have either lost your job or moved on for a better opportunity, then you have an important decision to make. Should you leave your money where it is or roll (transfer) it to another account? And how do you do it without penalties or taxes?